Black Friday
This coverage examines Black Friday’s impact on the UK retail sector, focusing on sales performance, promotional strategies, consumer trends, supply chain pressures, and operational planning. Reporting provides insights into how retailers prepare for and execute campaigns, manage demand, and assess outcomes — offering valuable context for executives and managers navigating peak trading periods.
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Jan- 2020 -24 JanuaryOnline & Digital
December online retail sales surge 9.4%
UK online retail sales growth spiked by 9.4% year-on-year in December 2019, according to the latest IMRG Capgemini Online Retail Index. The report said online retail “defied” forecasts of poor turnouts during the festive season, with Q4 recording a growth rate of 11.3%. This was largely boosted by November’s peak…
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23 JanuaryAnalysis
Asos bounces back from tricky period
Back in July last year Retail Sector reported that Asos was having problems. It had issued a profit warning, suggesting profits were likely to be about one-third of what was originally anticipated. It was an interesting moment in the retail world, because the narrative for the whole of the last…
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23 JanuaryOnline & Digital
Asos sees 20% increase in group revenues
Online retailer Asos has reported a 20% increase in group revenues to £1.6bn, attributed to a “record” Black Friday and “strong” customer engagement activity. During the four month period ending 31 December 2019, Asos also saw its total retail sales increase by 20% to £1.7bn compared with £895m the previous…
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22 JanuaryAnalysis
Ted Baker hanging by a thread amid £58m balance sheet black hole
If you have shares in Ted Baker, you are probably not having a good morning. The price has tanked by almost 7% after news broke that the fashion brand has found a £58m black hole in its accounts. There’s being a few hundred thousand or a few million short, but…
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21 JanuaryClothing & Shoes
Joules revenues hit by late Black Friday
Fashion retailer Joules has reported a 1.4% decrease in group revenue to £111.6m for the half-year period ended 24 November 2019. The group said the results were impacted by the timing of Black Friday, which fell in the second half of FY20, but the first half of the financial year…
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15 JanuaryOnline & Digital
Very reports a 6.1% increase in revenues in the festive period
Online retailer Very has reported a 6.1% increase in revenues during the seven weeks to 27 December. The brand, which is operated by The Very Group, also reported sales growth across all four product categories, which included a 9.6% increase in sportswear, 5.7% increase in electricals, 1.4% increase in homeware…
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13 JanuaryHigh Street
December footfall hit by Black Friday
Footfall dropped 2.5% in December, according to the latest figures from Springboard’s footfall monitor and insights. The data provider said this came as “no surprise”, as December footfall has only increased once since 2009. Despite this, the fall was at the “upper end of the scale of decline”. The “noticeable”…
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10 JanuaryClothing & Shoes
Superdry warns on profits amid ‘lower than expected’ Christmas sales
Embattled clothing retailer Superdry has issued a profit warning after peak trading sales came in “lower than expected”. Superdry said it now expects pre-tax profits to come in between £0-£10m compared with previous estimations of around £20m. It said that the high street has seen “unprecedented levels of promotional activity”…
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10 JanuaryClothing & Shoes
Joules issues profit warning following stock issues
Joules has announced that sales over the Christmas period were “significantly behind expectations”, with retail sales down 4.5% against the prior year. The fashion retailer claims that sales were affected by “disappointing” online sales, which was caused by internally generated stock availability issues. Despite traffic to its website increasing 8%…
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9 JanuaryHigh Street
‘Worst year on record’ for retail, says BRC
Total retail sales decreased by 0.1% in 2019, compared with the 1.2% increase recorded in 2018, making it the “worst year on record” for retail according to the BRC. Helen Dickinson, CEO of the BRC, said this was reflected in the CVAs, shop closures and job losses that the industry…
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